Ministry of Finance, State Administration of Taxation on the part of small and micro enterprises temporarily are exempted from value added tax and business tax

Ministry of Finance, State Administration of Taxation on 29 July 2013 issued a letter: Taxation (2013) No. 52: With effect from 1 August 2013, for the small-scale VAT taxpayers’ monthly sales for not exceeding RMB 20,000, the business or enterprise units can be exempted from VAT; if the business tax taxpayers’ monthly turnover is not more than RMB 20,000, the enterprises or enterprise units can be exempted from sales tax.

Related links: Medium, small and micro-enterprises are classified according to the standard